Candente Copper Intersects 113.5 metres of 0.42% Copper Equivalent(i) (CuEq) at Cañariaco Sur

Candente Copper Intersects 113.5 metres of 0.42% Copper Equivalent(i) (CuEq) at 
Cañariaco Sur 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/19/13 -- Candente
Copper Corp. (TSX:DNT)(PINKSHEETS:CCOXF)(LMA:DNT) ("Candente Copper"
or "the Company") is pleased to report results from the first
exploration hole of the 2013 drilling program on the Canariaco Sur
porphyry copper-gold system.  
Hole CS-12-003 was drilled vertically to 528.50 metres (m) and
highlights of this hole include: 
CS-12-003: 528.5 metres (m) averaging 0.29% copper equivalent from 0
to 528.50m (0.24% copper, 0.07 grams per tonne ("g/t") gold and 0.9
g/t silver). 

--  including: 113.5m averaging 0.42% copper equivalent from 10.5 to 124.0
    metres (0.35% copper, 0.10 g/t gold and 1.4 g/t silver). This intercept
    occurrs within a longer intercept of 239.5m grading 0.33 % copper
    equivalent from 10.5m to 250m depth (copper 0.27%, gold 0.08 g/t and
    silver 0.9 g/t). 

Results from all holes drilled at Canariaco Sur, including those from
a 1999 campaign by Billiton and the 2008 campaign by Candente, are
detailed in Table 1 below.  
"We are extremely pleased with the results obtained from the first
drill hole of the 2013 drilling program at Canariaco Sur. CS-12-003
adds to the very positive results obtained from the two holes
Candente Copper drilled at Canariaco Sur in 2008," commented Sean
Waller, President of Candente Copper. "These three drill holes are
widely spaced and each hole contains copper and gold mineralization
extending over 500m from surface to the end of the hole, indicating
that Canariaco Sur has the potential to be a very significant
Results from hole CS-12-003 are especially encouraging as it was
targeted to test a strong induced polarization ("IP") chargeability
anomaly thought to represent the pyrite halo of a porphyry deposit.
This anomaly was initially identified by a historic geophysical
survey and was better defined by a second recent IP survey which
combined with the first survey gives IP coverage to the entire
Canariaco Sur target area. Based on the interpretation of the
combined IP surveys and observations made from hole CS-12-003, the
pyrite halo is now anticipated to be situated 300m to 400m further to
the west thus ext
ending exploration potential in that direction.
Sulphide mineralization is first observed at approximately 40m down
hole and occurs both in disseminations and within quartz and
quartz-sulphide veins until the end of the hole. Total sulphide
mineralization content averages approximately 2% and consists of
chalcopyrite, chalcocite, bornite, molybdenite and pyrite. Moderate
to strong potassic and phyllic alteration has mostly obliterated
volcanic and various porphyritic intrusive rock textures. Locally
strong quartz-sulphide stockwork veining is also associated with
potassic and phyllic alteration. 
Drill holes CS-08-001 and 002, drilled by Candente Copper in 2008 are
located approximately 200m east and 400m northeast, respectively,
from hole CS-12-003 and were targeted to verify the results of holes
CS-99-001 and CS-99-002 drilled by Billiton in 1999. The centre of
Canariaco Sur is located approximately 1.5 kilometres (km) southwest
of the Canariaco Norte deposit (now under feasibility study). Based
on the drilling to date at Canariaco Sur significant copper and gold
mineralization occurs over an area of approximately 500m x 500m and
is open in all directions and at depth. 
Drill holes CS-13-004 and 005 have been completed to 411m and 265m,
respectively and drilling has commenced on hole CS-13-006. Results
from these holes will be reported as they are received. All holes
completed to date are presented below. 

Table 1 - Canariaco Sur, Peru: DDH Drilling Summary                         
               Total                                                      Cu
              Length    From      To   Width      Cu      Au      Ag   Eq(i)
Hole             (m)     (m)     (m)     (m)     (%)   (g/t)   (g/t)     (%)
CS-99-001     170.50    0.00  170.50  170.50    0.26    0.16      na    0.36
including              74.00  126.55   52.55    0.40    0.30      na    0.58
CS-99-002     149.50    0.00  149.50  149.50    0.33    0.08      na    0.38
including              24.00  130.50  106.50    0.40    0.09      na    0.46
CS-99-03      152.50    0.00  152.50  152.50    0.08    0.03      na    0.09
CS-08-001     534.85    0.00  534.85  534.85    0.27    0.11     1.2    0.35
including             146.00  534.85  388.85    0.34    0.14     1.4    0.44
CS-08-002     505.75    0.00  505.75  505.75    0.25    0.09     1.5    0.32
including              69.00  290.00  221.00    0.39    0.13     1.5    0.48
CS-12-003     528.50    0.00  528.50  528.50    0.24    0.07     0.9    0.29
including              10.50  250.00  239.50    0.27    0.08     0.9    0.33
including              10.50  124.00  113.50    0.35    0.10     1.4    0.42
(i) Copper equivalent grades are based on metal prices of: copper           
US$2.50/lb, gold US$1,035 per oz and silver US$17.25 per oz. Metal          
recoveries have not been applied in the copper equivalent calculation. The  
copper equivalent calculation is as follows; Cu Eq = Cu grade + (Au grade x 
Au price + Ag grade x Au price)/(22.0462 x 31.1035 x Cu price).             

Sample Preparation and Analysis 
A summary drill log, or "quick log", of the hole was made on site.
Drill core was then transported offsite to the Company's core logging
and storage facility where the core was logged in detail, split by
rock saw and sampled for geochemical analyses. Core samples were
bagged, sealed and sent to ALS Chemex labs in Lima, Peru. Samples
received by the lab were weighed, dried and finely crushed to more
than 70% of the sample passing a 2 millimetre (mm) screen. From this
crushed material a 250 gram (g) sample is taken and pulverized to
more than 85% of the sample passing a 75 micron screen. Base metals
are analysed by conventional Inductively Coupled Plasma - Atomic
Emission Spectroscopy (ICP-AES) multi-element analysis. Gold analysis
is by fire assay with an atomic absorption finish. 
About Candente Copper 
Candente Copper's flagship project is the 100% owned, 7.5 billion
pound, Feasibility stage Canariaco Norte Copper Project located in
northern Peru's prolific mining district. The Canariaco Norte deposit
contains a Measured and Indicated resource of 752.4 million tonnes
grading 0.49% copper equivalent(ii), and an Inferred Resource of
157.7 million tonnes at 0.44% copper equivalent(ii). 
Sean Waller, P.Eng., President and Joanne C. Freeze, P.Geo., CEO, are
the Qualified Persons as defined by National Instrument 43-101 for
the projects discussed above. They have reviewed and approved the
contents of 
this release. 
(ii) The 'Measured and Indicated Resource' listed above consists of
Measured Resources of 338.1Mt at 0.48% Cu, 0.08 g/t Au, and 2.0/t Ag
(0.52% Cu Eq.), plus Indicated Resources of 414.3Mt at 0.43% Cu, 0.06
g/t Au, and 1.8 g/t Ag (o.46% Cu Eq.). All resources quoted in this
release are based on a 0.30% copper cut-off grade and 229 drill holes
completed to March 2008. Copper equivalent(ii) grade including gold
and silver, metal recoveries (gold 55%; silver 50%) and smelter
returns (copper 96.5%: gold 93%; silver 90%) applied. Copper grade
equivalent calculation: Cu Eq% =(Cu % + ((Au grade x Au price x Au
recovery x Au smelter return%)+(Ag grade x Ag price x Ag recovery x
Ag smelter return%))/(22.0462 x Cu price x 31.0135 g/t x Cu recovery
x Cu smelter return%). The metal prices used are: copper US$2.50/lb,
gold US$1,035/oz and silver US$17.25/oz. 
This news release may contain forward-looking statements including
but not limited to comments regarding the timing and content of
upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements. Candente relies upon litigation protection for
forward-looking statements. 
We advise U.S. investors that this news release uses terms that are
not recognized by the United States Securities and Exchange
Commission ("SEC"), including "mineral resources", "measured
resources", "indicated resources" and "inferred resources". The
estimation of measured and indicated resources involves greater
uncertainty as to their existence and economic feasibility than the
estimation of proven and probable reserves. U.S. investors are
cautioned not to assume that mineral resources in these categories
will be converted to reserves. The estimation of inferred resources
involves far greater uncertainty as to their existence and economic
viability than the estimation of other categories of resources. U.S.
investors are cautioned not to assume that estimates of inferred
mineral resources exist, are economically mineable, or will be
upgraded into measured or indicated mineral resources. U.S. investors
are cautioned not to assume that mineral resources in any of these
categories will be converted into reserves. 
On behalf of the Board of Candente Copper Corp.  
Sean Waller, P.Eng., President and Director 
Candente Copper Corp.
Walter Spagnuolo
Manager, Investor Relations
+ 1 (604) 689-1957 ext 3  or +1 (604) 306-8477 
Candente Copper Corp.
Nataly Reategui
Investor Relations, Peru
(511) 715-2001 ext 107
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